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RIM Hires Law Firm Milbank, Tweed, Hadley & McCloy LLP for Possible Licensing

Milbank

I have a gut feeling that this has more to do with due diligence but Reuters is attaching quite a bit of significance to it. They exclusively announced (hopefully confirmed) that RIM has hired the law firm Milbank, Tweed, Hadley & McCloy LLP. This engagement is supposedly to “work out a restructuring plan that could include selling assets, seeking joint ventures, or licensing patents” according to “people briefed on the matter.”

The sources say that RIM is looking to possibly boost revenue by licensing BlackBerry 10 or opening up access to RIM’s NOC for secure communications on other platforms. One of the sources said "This is a very mature strategy and RIM was very far down the road with a lot of those discussions with carriers."

Both RIM and the law firm declined to comment on the story. RIM has hired Milbank previously so who knows what really is going on here. Check out the details at Reuters and let us know what you think.

4 total comments on this postSubmit your comment!
  1. I’m thinking, ‘takin’ it private ‘, which would open the door for cash injection (read : payin’ for taking it private ) from. An exclusive licenser for BBX(read : Samsung ) in return for a stake (20-30%),leading to tech sharing, promotion, and a mutually beneficial, symbiotic relationship, and the first and biggest man overboard from the Google ship.
    Maybe wishful thinking ,but tell me it doesn’t make tactical sense?

  2. You never know. It seems like RIM definitely has the mind to license, sell, or take on investors with some goal in mind.

  3. Yeah you have to wade through the BS and spin. Right now its a vicious cycle because many news outlets have realized that any story about RIM’s “downfall” gets tons of eyeballs. So they keep writing them…

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